Ftai Aviation Ltd Reports Results For The Quarter Ended In March: Earnings Summary

FTAI Aviation

26/04/2024 04:05

* FTAI Aviation Ltd  FTAI.OQ  reported quarterly adjusted
earnings
of 31 cents​​ per share for the quarter ended in March, higher
than the same quarter last year, when the company reported EPS
of 22 cents.  The mean expectation of eleven analysts for the
quarter was for earnings of 38 cents per share. Wall Street
expected results to range from 19 cents to 57 cents per share.
    * Revenue rose 11.6% to $326.69 million from a year ago;
analysts
expected $301.52 million. 
    * FTAI Aviation Ltd's reported EPS for the quarter was 31
cents​.
    * The company reported quarterly net income of $31.29
million.
    * FTAI Aviation Ltd shares had risen by 9.1% this
quarter and
gained 58.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.8%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the corporate
financial
services peer group is also "buy"

Wall Street's median 12-month price target for FTAI Aviation Ltd
is $70.15 
This summary was machine generated from LSEG data April 26 at
03:05 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.38           0.31           Missed
 Dec. 31 2023      0.44           1.09           Beat
 Sep. 30 2023      0.42           0.33           Missed
 Jun. 30 2023      0.30           0.46           Beat